Deflation is not a matter of animal spirits or consumer expectations. It is the result of earlier creation of money "out of thin air" by central banks and commerical banks. Deflation is the natural result.

The Bill of Rights doesn't mention that freedom of speech is restricted to a special class of establishment journalists. Freedom of speech is a universal property right, regardless of what the establishment-media gatekeepers say.

Deflation is not a matter of animal spirits or consumer expectations. It is the result of earlier creation of money "out of thin air" by central banks and commerical banks. Deflation is the natural result.